"Key Highlights: Labor Strikes, Inflation, and Nike Earnings"

This week, investors will be keeping an eye on updates regarding labor strikes, inflation data, and earnings reports from companies like Nike and Costco. The Personal Consumption Expenditures (PCE) index, the Federal Reserve's preferred inflation indicator, will be released on Friday. Additionally, consumer sentiment checks, housing data, and an update on quarterly economic growth are expected. The ongoing labor disputes between the United Auto Workers (UAW) and the Alliance of Motion Picture and Television Producers (AMPTP) will also be in focus. Stocks will be looking to bounce back after a sell-off last week following the Fed's hawkish outlook.